Philanthropy forms a lasting legacy for Andrew Forrest, Chairman of Minderoo Foundation and recipient of the inaugural EY Entrepreneur Of The Year™ Alumni Social Impact Award.
Successful corporations are increasingly looking beyond their balance sheets to invest in their communities, and nowhere is that more evident than among the EY Entrepreneur Of The Year™ Award alumni community. To recognize the tremendous impact made by these award winners from around the world, the Entrepreneur Of The Year program established the Alumni Social Impact Award in 2018. Its inaugural recipient was Andrew Forrest, Chairman of Minderoo Foundation.
“Over many years, Andrew has demonstrated a genuine commitment to alleviating the plight of millions of the world’s most vulnerable people,” said Bryan Pearce, EY Global Leader — Entrepreneurship. “Through his philanthropic works, Andrew is leaving a lasting and exceptional legacy thanks to his entrepreneurial and innovative spirit.”
Forrest and his wife, Nicola, founded the Minderoo Foundation in 2001. Since then it has supported more than 250 initiatives in Australia and internationally including ending modern slavery and indigenous disadvantage, eliminating cancer, responding to disasters, advancing cutting-edge research, studying and implementing early childhood development practices in communities, and supporting the environment and the arts.
The impact of ethical businesses
“Business, when ethical, is the most powerful force for good in the world,” Forrest said upon accepting the award during the EY World Entrepreneur Of The Year™ Hall of Fame ceremony in Monaco. He shared that Minderoo’s Eliminate Cancer Initiative recently launched the Universal Cancer Databank, a 100% philanthropic, 100% global and 100% anonymized central repository where patients can upload their data to catalyze unprecedented information sharing between cancer scientists and researchers on a free and equal basis to accelerate cures.
“I want to share with you this burning impatience to change the world with the little time we have to do it,” Forrest said. “It is important each of us does everything we can to improve our communities — whether it is through giving time, energy or capital. Individually, we can all be change agents, and together we can make a lasting difference.”